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UAE investment firm Mubadala plans launch to USD 400 mln European technology fund with Softbank

2018-06-14 10:37:00| Telecompaper Headlines

(Telecompaper) UAE-based Mubadala Investment Company (Mubadala) plans to create a USD 400 million fund to invest mainly in leading European technology companies, reports The National. It will be managed by the Abu Dhabi fund's venture capital arm, Mubadala Ventures, with SoftBank participating via its investment subsidiary, SIMI US Holdings. The fund will target founder-led, high growth technology companies with global scale and impact.

Tags: technology plans firm investment

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